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PureWest and Gunvor Group Partner to Accelerate Use of Verified Low-Carbon Gas Solutions
Innovative Approach Focused on Delivering Impactful and Measurable Decarbonization Results PureWest Energy, LLC (“PureWest”), a leading Rocky Mountain independent natural gas producer recognized for its low methane and carbon emission rates, and Gunvor USA LLC, a member of Gunvor Group (“Gunvor”), one of the largest independent energy commodities trading companies worldwide, are partnering to provide verified low-carbon natural […]
Gunvor Group Results 2024
Gunvor Group Ltd (“Gunvor”), one of the world’s leading independent commodities trading companies, today announces the following financial information for the year ended 31 December 2024: Revenue: US $136 billionVolumes: 232 million MTGross profit: US $1.8 billionNet profit after taxes: US $729 millionEquity: US $6.5 billion Gunvor continued its track record of solid performance, posting […]
Akaysha Energy and Gunvor Group Sign Landmark Offtake Agreement for Australian Large Scale Battery Storage
Brisbane, Australia – Akaysha Energy, a market leader in large-scale battery energy storage systems (BESS), and Gunvor Group a global energy powerhouse, are pleased to announce a long term Offtake Agreement for Akaysha’s large scale Battery Energy Storage System (BESS), in Brendale, Queensland. The risk-hedging offtake product, known as a Battery Revenue Swap Agreement, […]
Gunvor completes acquisition of TotalEnergies shares in Total PARCO in Pakistan
LAHORE (6 December 2024) – Gunvor Group, a leading global commodities trading company, has completed its acquisition of TotalEnergies’ 50% stake in Total PARCO Pakistan Limited (TPPL), after receiving all necessary approvals from relevant authorities and finalizing related agreements. TPPL operated as a 50/50 joint venture between TotalEnergies Marketing and Services and Pak-Arab Refinery Limited (PARCO) in Pakistan, […]
Gunvor secures US $2.265 billion sustainability-linked, multi-currency revolving credit facility
GENEVA – Gunvor Group Ltd (“Gunvor” or the “Group”) has signed a US $2.265 billion sustainability-linked, multi-currency revolving credit facility (“RCF” or “Facility”) in favour of Gunvor International B.V. and Gunvor SA. The Facility consists of two tranches, available to Gunvor International B.V. and Gunvor SA: Thanks to strong support from existing and new banking […]
Gunvor closes inaugural US Private Placement at US $378.5 million, significantly oversubscribed
GENEVA – Gunvor Group, one of the largest independent energy commodities trading companies worldwide, has successfully closed its inaugural United States (US) Private Placement, totalling US $378.5 million of senior unsecured notes with US institutional investors placed under Section 4(a)(2) of the Securities Act. The transaction was significantly oversubscribed from the launch amount of US […]
Gunvor USA upsizes Credit Facility to US $2.3 billion
HOUSTON – Gunvor USA LLC, an indirect wholly-owned subsidiary of Gunvor Group Ltd, has successfully closed the syndication of its US $2.34 billion uncommitted borrowing base credit facility. The facility, which benefited from strong oversubscription, includes a US $1.75 billion one-year tranche and a US $584 million two-year tranche, as well as a US $500 […]
Gunvor completes acquisition of 75% stake in Spanish power plant from bp
BILBAO – Gunvor Group (“Gunvor”), a leading global independent energy trading company, has completed the acquisition of a 75% ownership stake in Bahía De Bizkaia Electricidad S.L. (“BBE”), a 785MW combined cycle power plant located in Bilbao, Spain from bp. The deal, announced in December 2023, has been approved by all relevant regulatory bodies, including […]
Gunvor Chairman honored with Aramco Trading “New Silk Road CEO of the Year Award” 2024
FUJAIRAH – Gunvor Group Co-founder and Chairman, Torbjörn Törnqvist, has been honored with the Aramco Trading “New Silk Road CEO of the Year Award” 2024, given on the occasion of the 12th Fujairah Energy Markets Forum. Held under the patronnage of His Highness Sheikh Hamad Bin Mohammed Al Sharqi, Supreme Council Member and Ruler of […]
Gunvor acquires TotalEnergies shares in Total Parco in Pakistan
LAHORE – Gunvor Group, a leading global commodities trading company, has signed an agreement to purchase TotalEnergies’ 50% stake in Total PARCO Pakistan Limited (TPPL). TPPL is a 50/50 joint venture between TotalEnergies Marketing and Services and Pak-Arab Refinery Limited (PARCO) in Pakistan with a retail network of more than 800 service stations, fuel logistics, and lubricants activities. […]
Gunvor joins VARO to jointly develop large-scale Sustainable Aviation Fuel (SAF) manufacturing facility
ZUG / GENEVA – Gunvor Group (“Gunvor”) will join VARO Energy (“VARO”) in building a large-scale SAF manufacturing facility at the Gunvor Energy Rotterdam site through a proposed joint venture. Since VARO announced on September 7, 2023 its intention to build a large scale SAF facility as a sole owner with total feedstock capacity of […]